Aussie Dollar vs British Pound

18/08/17

Mitch Jones is Protocol Education’s NSW-based consultant working with Australian teachers in their move to the UK. In his latest blog he chats about the exchange rate and what the fluctuating numbers mean for you.

For anybody who has been keeping an eye on the currency markets recently (such an exciting pastime...) you would have noticed a steady increase in the Aussie dollar against the British pound. 2 years ago you’d be getting £0.45 for every dollar you transferred, it has now shot up to its highest mark in nearly 5 years (nearly £0.61 as of today!) But taking away all the figures and complications – what does this mean for you as a teacher thinking of travelling?

1) Your Aussie Dollar Goes Much Further...

So you’ve saved $5000 and you’re ready to jump on the plane in the next 6 months (don’t forget to register with us first); that $5000 would have got you about £2300 this time 2 years ago. With the recent currency fluctuations, your $5000 is now worth around £3000!

That’s £700 more than you’d be getting 2 years ago (about $1100), so effectively if you’ve delayed your UK plans by 2 years then you’ve already paid for your flight just in currency fluctuations! Well done on great planning!

If you’ve been waiting for the right financial time to make the move, the current currency climate lends itself to changing your AUD into GBP.

Don’t forget too that we work very closely with a foreign exchange company called Tranzfers; they give 2 free international transfers to teachers registered with Protocol (saving you over $50) and they always – ALWAYS – offer better foreign exchange rates than the banks. Best of all they are free to register with! Contact your local consultant for more info on how to register with Tranzfers.

Keen to register with Protocol and start earning your pounds? Contact the Australian team today!